A Brief Overview On Fee Based Financial Planners

2007-05-02 10:04:19

( Business )



Fee based financial planners are responsible for providing long term financial advise to an individual, family, or an organization.

Fee based financial planners provide financial advise to keep families and individuals financially secure until past the age of retirement. Fee based financial planners do not only provide advise about personal finances, but can also provide advise on investing.

Fee based planners who are hired by organizations provide financial advise on how to generate funds for the company. These individuals can also provide recommendations on how to control a company’s finances, and analyze the company’s financial standing. Fee based financial planners also provide a company with an executable financial plan that is easy to follow.

Fee based financial planners do not collect any monthly fees. Fee based financial planners charge a flat fee, or a certain portion of the value of a company’s managed assets. Some fee based financial planners are also paid according to a certain percentage of the investments of a company or an individual. These individuals collect no commission fees, credit card processing fees or incorporation fees. This is because these individuals do not assist in forming a company or to process credit card applications.

Good fee based financial planners can be found by obtaining referrals from people you know. Reputable associations of financial planners or trade groups can also recommend financial planners. Your local bank may also be able to provide you with a list of reputable financial planners.

Once a list of potential financial planners has been created make sure that you carefully study the individual’s experience and qualifications. Proof of credentials and education should be made available for you to examine. Good fee based financial planners must have good knowledge and several years of experience in the finance, banking, accounting or stock brokerage industry.


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